Oi ADR reported on Monday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.08 on revenue of $898.21M. Analysts polled by anticipated EPS of $-0.08 on revenue of $891.72M. That with comparison to EPS of $0.05 on revenue of $1.34B in the same period a year before. Oi ADR had reported EPS of $-0.11 on revenue of $947.97M in the previous quarter. Analysts are expecting EPS of $-0.06 and revenue of $894.82M in the upcoming quarter.
Oi ADR shares are down 14.27% from the beginning of the year , still down 63.35% from its 52 week high of $2.18 set on July 16, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Oi ADR follows other major sector earnings this month
Oi ADR's report follows an earnings beat by Tencent ADR on May 13, who reported EPS of $0.42 on revenue of $15.23B, compared to forecasts EPS of $0.33 on revenue of $14.28B.
SoftBank Group had missed expectations on May 18 with first quarter EPS of $-3.23 on revenue of $14.72B, compared to forecast for EPS of $-0.71 on revenue of $23.64B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
